Looking to diversify beyond AVXX? The ETFs below have the lowest correlation with AVXX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from AVXX.
Best Diversifiers for AVXX
4 ETFs have low correlation with AVXX (below 0.3), 0 of which are negatively correlated. The least correlated is GraniteShares 2x Long DELL Daily ETF (DLLL) (Leveraged Equities) with a 1Y correlation of 0.21, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long DELL Daily ETF | 0.21 | 0.21 | 0.21 | 95 | Leveraged Equities | AVXX vs DLLL | |
| GraniteShares 2x Long MRVL Daily ETF | 0.27 | 0.27 | 0.27 | 94 | Leveraged Equities | AVXX vs MVLL | |
| Leverage Shares 2X Long AMD Daily ETF | 0.27 | 0.27 | 0.27 | 95 | Leveraged Equities | AVXX vs AMDG | |
| Innovator U.S. Equity Accelerated Plus ETF | 0.27 | 0.27 | 0.27 | 98 | Leveraged Equities | AVXX vs XTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 0.36 | 0.36 | 0.36 | 72 | Leveraged Equities | AVXX vs XTJL |
See all 6 diversifiers for AVXX
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